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Scratch Resistant Glass Market By Application (Smartphones, Tablets, LCD/LED, Automotive) - Growth, Future Prospects & Competitive Analysis, 2018 - 2026

Industry Outlook

Due to high demand from the consumer electronics industry, the scratch-resistant glass market is expected to reach US$ 7,989.0 million by 2026, with a 7.9% CAGR from 2018 to 2026. The use of scratch-resistant glass offers improved drop performance, high strength retention after use, high resistance to scratch and sharp contact damage, and superior surface quality. Scratch-resistant glass is primarily used in display applications such as smartphones, tablets, LCD/LED, automotive (automotive electronics, interior windows, windshields, and sunroofs), and others (interior architecture and commercial industry, among others). The scratch-resistant glass market is highly consolidated, with a few major players such as Guardian Industries (U.S.), Asahi Glass (Japan), Saint-Gobain (France), Nippon Electric Glass (Japan), Corning Incorporated (U.S.), and Schott AG (Germany) accounting for approximately 70% of the total market revenue. Although the prominent manufacturers of glass are headquartered in North America and Europe, Asia-Pacific, being the major hub for automotive and electronics, which are the largest consumers of scratch-resistant glass, dominated the market by consumption in 2017. Factors such as the increasing popularity of smart wearable electronics coupled with the superior performance of scratch-resistant glass products such as Gorilla Glass and Dragontrail are driving the overall growth of scratch-resistant glass. Moreover, the use of scratch-resistant glass in automotive applications opens up a new opportunity to tap the automotive glass market. These glasses are used by leading consumer electronics OEM brands in their products, such as Samsung, Acer, Sony, Apple, etc. Asia-Pacific led the scratch-resistant glass market in 2017 and is also poised to emerge as the fastest-growing region between 2018 and 2026. China, Japan, and India are major markets owing to the rising demand for scratch-resistant glass from smartphones and tablets. Further, an increasing base of smartphone users and many OEM manufacturers (end-users) based in these countries are propelling the growth of the market in this region.

Market Synopsis

"LCD/LED Segment to Dominate the Scratch Resistant Glass Application Market"

Currently, LCD/LED is the largest market by value and volume and is expected to retain its prominence with a significant CAGR throughout the forecast period. Owing to its high durability and strength, there is a high demand for scratch-resistant glass from LED screens and the lighting industry. Recently, Samsung (an OEM manufacturer) joined hands with Corning Incorporated to develop Gorilla Glass Tough OLED. Smartphones are projected to be the fastest-growing application market for scratch-resistant glass, with a CAGR of 8.2% throughout the forecast period. Substantial increases in the shipments and sales of smartphones, coupled with increasing adoption of advanced technology by smartphone manufacturers, act as major drivers for market growth. Furthermore, the high demand for smartphones from developing economies as a result of rising disposable income and changing lifestyles is another factor driving growth in demand for scratch-resistant glass in the smartphone industry. Assuming the current scenario will remain constant or change with minimal impact, the Credence research team foresees smartphones as the fastest-growing application in the years to come.

"Asia Pacific will grow the fastest during the forecast period."

Asia-Pacific, with its huge manufacturing base of OEM manufacturers, stands out distinctly with the majority of the market share, followed by North America and Europe. Asia-Pacific is also identified as the fastest-growing market by volume, with a CAGR of 8.4% between 2018 and 2026. This growth can be attributed to high economic growth, heavy investments in the automotive and consumer electronics industries, growing industrialization, and a rise in the manufacturing sector of this region. Further, rising populations and their disposable income, growing end-use industries, and demand for premium electronics have led to innovation and developments in these industries, making Asia-Pacific a strong application market hub globally. North America is the second largest market by value, with a share of approximately 28% in 2017. High demand for scratch-resistant glass from the manufacturing of sustainable lighting solutions and connected devices under the Internet of Things (IoT) owing to its high strength, safety, anti-breakage, and anti-scratch properties mainly attributed to the dominance of the North American market.

"Corning Incorporated is one of the most promising players in the scratch-resistant glass market, with US$ 200 million in funding."

Corning is one of the largest manufacturers of scratch-resistant glass and has made 552 million square feet of scratch-resistant glass for iPhones and iPads to date. Corning's flagship product, Gorilla Glass, enjoys the lion's share of the market; approximately 900 million square feet of Gorilla Glass are consumed by the global electronics industry. The sale of Gorilla Glass accounts for 10%–15% of Corning's total revenue. There are several other products on the market, such as Dragontrail (Asahi Glass), Dinorex (Nippon Electric Glass), DiamondGuard (Guardian Industries), etc. Apple Inc.'s funding of $200 million in 2017 for the manufacture of scratch-resistant glass for Apple's products will make Gorilla an invincible brand in the coming years. Other notable players competing in the scratch-resistant glass market are Saint-Gobain, Schott AG, Guardian Industries, Nippon Electric Glass, Corning Incorporated, etc.

Periods of History and Forecast

Our study analyses each market segment from 2016 to 2026, with 2017 as the base year. The forecast period from 2018 to 2026 is considered for the compound annual growth rate calculation.

Report Scope by Segments

This report provides a comprehensive understanding of current market dynamics, trends, and opportunities, along with quantitative and qualitative analysis of the global scratch-resistant glass market. The report provides a thorough examination of the global scratch-resistant glass market segmentation, including application and geography. Our objective in publishing this extensive research report is to aid market stakeholders in making informed decisions and formulating their strategies in the competitive market of scratch-resistant glass.

This research report covers leading continents along with major countries, profiles of major companies operating in the scratch-resistant glass market, and their strategic developments. Our report further describes the market dynamics, which include drivers, restraints, and opportunities prevailing in the market, to understand the global scratch-resistant glass market more explicitly. Our in-depth market segmentation analysis up to the country level highlights revenue pockets and investment opportunities in the market.

Key questions are answered in this report.

  • What are the current market trends in the scratch-resistant glass market, and what are the valuable opportunities for the players?
  • How does the regulatory framework affect global as well as regional markets?
  • Which are the prominent regions for investment for the players?
  • Which are the dominant players in the scratch-resistant glass market, and what are their marketing strategies?
  • What are the main applications and new revenue pockets in the scratch-resistant glass market?
  • What are the market size and trends in emerging markets?

Frequently Asked Questions:

The market for Scratch Resistant Glass is expected to reach US$ XX Mn in 2026.

The Scratch Resistant Glass market is expected to see significant CAGR growth over the coming years,at 7.9%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Corning Incorporated,Asahi Glass,Nippon Electric Glass,Guardian Industries,Schott AG are some of the major players in the global market.

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Published Date:  Apr 2018
Category:  Chemicals
Report ID:   59091
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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